O'Reilly logo

All About Day Trading by Jake Bernstein

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

CHAPTER 15Day Trading Do’s and Don’ts

As I said in Chapter 9, there are many things a day trader can do incorrectly; there are relatively few things a day trader can do correctly. In this respect day trading is no different than life itself. We learn more from being rewarded for positive behaviors than we do from being punished for negative ones. This is one of the underlying principles of behavioral psychology, as so thoroughly expressed and espoused by B. F. Skinner, the so-called father of behavioral psychology. Profitable day trading is not entirely based on methodology. It is heavily dependent for its success upon proper procedures, flawless follow through, and a great deal of trader psychology.

Day traders tend to learn very little from ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required